Rupee opens weaker, trades near 95.95 against the dollar
In short
The rupee opened at 95.84 against the US dollar in interbank trade and later slipped to 95.95. That was 11 paise weaker than the previous close.
Traders said RBI dollar buying and selling in the market helped slow bigger drops. The reason for the move was not stated in the available reporting.
What the reporting says
The rupee opened in the interbank forex market at 95.84 against the US dollar and later touched 95.95 in early trade. BusinessLine and The Hindu summaries said it had lost 11 paise from the previous close, while forex traders said periodic RBI dollar interventions helped cap sharper losses. The immediate move was narrow, but the exact driver of the early weakness was not stated.
Why it matters
The rupee weakened in early interbank trading, opening at 95.84 and later touching 95.95 against the US dollar. The available summaries said the Reserve Bank of India’s periodic dollar interventions helped smooth volatility and limit steeper losses. This matters for importers, exporters, and currency markets, but the reports do not state the broader trigger for the move or whether the weakness continued later in the day.